According to to Phillips and Russel in their article "The Next Financial Calamity Is Coming? which statement is NOT TRUE?

Question $4$ options:

The total of all student loans is now approximately $1\mathrm{.}5$ trillion dollars.

The main lender of student debt is the federal government.

Student debt is not greater than the combined value of all consumer debt $($auto$,$ credit cards and mortgages$).$

Student loans is the largest category of consumer debt in the US$.$ Larger than any other debt category.